Charity registration number 1155345 Company regSslratlon numljer 08492332 (England and Wale51 AIR AMBULANCE FOUNDATION UK ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024
AIR AMBULANCE FOUNDATION UK LEGAL AND ADMINISTRATIVE INFORMATION Trusto0s Mr Fafhan Anwar Mr Jam5h3id Bhatti 88cr8tary Mr Farhan Aiiwai Charlly number 1155345 Company numbor 08492332 R•gi8t•r•d offic¢ clo FoNis Mazars LLP, First Floor, Two Chamb6rfaln Square, Blfmingham B3 3AX Accountants BK Plus Limited Azzurrf Hous Walsall Road Aldridge Walsall England WS9 ORB
AIR AMBULANCE FOUNDATION UK CONTENTS Page Trustees. Ipport Accountants, r8port Stslemenl of financial activlties Balance sheet Noles lo the flnan¢lal 81al8m8nl8 6-10
AIR AMBULANCE FOUNDATION UK TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 APRIL 2024 Th8 Irust88s pr8sent Ih8ir annual report and financial statements lor Iha y8ar end8d 30 April 2024. The fin8nei81 ststemeni$ have been prepared in 8c¢ord8n¢e with the 8¢¢0unb"ng poli¢ies set out in note I to the fin8nci81 slatetnenls and cotnply wilh the charity's governing document. the Cornpanies Acl 2006 and 'Accounts"ng and Reportsng by Charilies. Slatetnent of Recomfflended Practi applicable to chaiitie5 preparing their accounts in accordance th th& Financial Reporting Standard applicable the UK and R8public ol Ireland IFRS 1021" leff8cllve 1 January 20191. Objectives and activitie The oblecllves detallgd In the govemlng docum8nl ar&'.- al The relief of sicknes5 and injury and pro1eGtion of life by providing financial 5UPPOrt to air ambulance services.. bl Rai$9 awarontrss of the ngods and lulurtr oporalions of alr ombulan¢9 sorvic9S. The aclivilies c9rried out this year.. Arranging for the colledion of donatsons and Ihe dislribulion ol grant5 to air ambulance services. Publi¢ bon&4lt Th8 Charity has been subj80t to an investigation by the Charity Cornmission which is ongoing and an Interim Manager was 8PPC>inled on 19 April 2023. Achlevements and perfomiance Sigiiilic&nl aclivitl8S and achi&vem&ntB a98inst obj8cliv88 The Iruslees have collected donations during the linancial year in accord8nce iyith the Ch8rily's objectives. Financial review R8$6tv&$ poII¢y li is Ilie puliGy r)f IliÈTr Lliorily Ilial uiirf3sLriLl¥d luiidb wliibli Iiav¥ Iiol Lie¥ii d¥¥iyiial¥d Ivi ¥ ¥p¥fyifi¥ us¥ ¥livultJ b¥ £50.000. 11 is lett that, al this level,it would be possible to continue the current activities ol Ihe Charity in the evenl of a sudden ¢rop in donations. This would then give sufficient lime to consider how the fundin9 would be ropl?ced or the pGtivities changgd. Structure. govemanc• and management Th6 charity IS controlled by its governing doeumènl. a deed of trust, and Conslilulès a etsmpany limitéd by guaranteè, as dtslinad by the Charrtitss Act 2006. Tha Irustè8s, who ara also th& dirèctors lor ihg purposg of wmpony law, and who $gfV9d during Ihg y90r ond up lo th9 d919 of 5ignalurg ol th? linanGial 51aletngnls werg.. Nqr Farhan Anwar lexcluded 19 April 20231 Ir Jamshaid 8hatli lexcluded 19 April 20231 W Basit lextluded 19 April 20231 resigned 19 April 2023 R&crtJitmenl and appointm8nt oftmstetss Scotl B&van of Mazars LLP. 30 Old Bailay, London EC4M 7AU was appoinlad Inlèrim Managèr in raspact of1he Charty, to the exclusion of the Trustees, by the Charity Cornmission on 19 April 2023. Non8 of th8 Iruslges has any b8nefiaal inlgrgst in thè cLPanY. All of tho ttusts8s are ol lh8 company and guarantee to contribute £1 in the event of a winding up.
AIR AMBULANCE FOUNDATION UK TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 The Irusle&$' raport was approved by the Board of Tru818es. Mr S Bevan Interim Manager 17 Seplembgr 2024
AIR AMBULANCE FOUNDATION UK CHARTERED ACCOUNTANTS. REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF AIR AMBULANCE FOUNDATION UK FOR THE YEAR ENDED 30 APRIL 2024 In order ID assist you lo fulfil your duties under the Companies 2006, we heve prepared for your approv81 the financial slatemenls of Air Ambulance Foundats'on UK lor ihe year end8d 30 April 2024, which cornprise the slat&ment of financial Lliviti#s drid Ili rldtÈxl li015 frviri Ilie Llitirily's tiLLuuriliriy reLurds tiiid fiurii irifurrridliuri drid xpltifidts-uris you IidV# giv11 us. As a practlsing tnernber flrtn of the Associatlon of Chart8red cert1111 Accountants, we are Subject to its ethical and other professional requiremen15 which we detailed al htip8'.Jhwth accagloba1.c0rnlgbl8Momb@rl8Landard8/fulss-and-8IandardS1rulebOOk.hIM1. This report Is made lo the charity's trustees, as a body, in accordanc8 with the terms of our engagement18tler dat8d 4 September 2Q24. Our work has been undertsken solely 10 Ppare for your approva1 ihe fin8n¢ial ststemenls ol Air Ambulance Foundation UK and state those rnatters that we have aoreed lo siata lo th& charity's trus18es. as a b)dy, in this report in accordance with the requirements ol the Associ4lion of Chartered Certrfied Accountants as detailed at hllp5..1Ivm 8¢caglobo1.cornlconlentldarnlACCA Globale¢n1c9lIfaCtlleChn1c81-lact$hee1-163.Pdf. To the fullest extent permitt8d by law. we do not accept or assume respor)sitxlity to anyone other than Air Ambjlance Foundation UK and th8 charity's trustees as a body. for our worf( or for this r8POrt. 1115 your duly lo ensure that Air Ambulance Fo)und8lion UK h85 kept adequale accounting record5 and to prepare slalulory rinan¢io1 $lalorngnl$ th91 give a trug and fair wiaw of th? 0$$ots. li4bili1106. financial po$i11gn and $urplu$ of Air Ambulan¢9 Foundation UK. You consider that Air Arnbul8nce Foundatitsn UK is exgmpl from the stalulory audit r9guirervenl lor Ihts ygai, nd is not required lo obtain an independent examiner's report. We have not been instructed lo cwry out an 8udit or a review ol the financial statements ol Air Arnbuknce Foundation UK. For this reason. we hav? not vorifiad thè a¢cura¢y or Mpllne$S ol th& a¢¢ounling r¥¢or¢J$ or infomialion and explanati8 you have given to us and we do not. therefore. expres5 any opinion on the statutory financial stalemenls. BK Plu8 Limitèd 17 Saptémbèr 2024 Chartered Accountants Az2urri House Walsall Road Aldridge Walsall WS9 ORB England
AIR AMBULANCE FOUNDATION UK STATEMENT OF FINANCIAL ACTtVlTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 APRIL 2024 Unrestri¢t•d funds 2024 Unr•8tri¢ted fundg 2023 Notes Incom• from= Donations and legacies Inveslments 210,633 766 289,201 Total Incom 211,399 Expenditure on: Raising funds Charitable activ85 10,672 16,950 31,287 Total •xptsnditurn 27,622 32,837 Net Incom• and movem•nt In funds 183,777 256.564 R¢¢on¢lllallon of lund6', Fund balance5 al 1 May 2023 670,013 413.449 Fund balances at 30 Aprll 2024 853,790 670,013 The statement of fin8nci81 activlli85 includes all galns and losses re¢ognlsed In thè year. All In¢ome exponditure derfve from continuing activili8s.
AIR AMBULANCE FOUNDATION UK BALANCE SHEET AS A T 30 APRIL 2024 2024 2023 Not9¥ Curront assots Cash al bank and in h8nd 863.630 675,113 Cr•dltors: amounts falllng duè wlthln on• y•ar 12 19.8401 15,1001 N•t ¢urr•nl ass•ts 853,790 670,013 Net assets excluding pension liability 853,790 670,013 The funds of tho charlly Unresiricled funds 853,790 670,013 853,790 670,013 Th8 cowpany is enlilled lo the exetnption froffl tre audit requiretnenl contained in section 477 01 the Companies Act 2006, lor e year ended 30 April 2024. Th8 dii•ctors acknowl8dgè th•ir responsibilrtl lor complying wilh th8 requir8rnents of th8 Companl8s Act 2006 wlth r85P8cI lo aCcoLJnn9 racords and th8 pr8parallon ol linandal stat8mènts. Tne members hava noi requlred the cornpany 10 obtaln an audll of Its flnanclal siat8m&nis lor ih8 yO8r In qu88tlon In ccordance with section 476. These financial slalernenls have teen prepared in accordan with the provisions applicable lo cornpanies subject lo the small cornpani8s ragim8. The financial statements were approved by the trustees on 17 September 2024 Intgrlm Manager Company registration number 08492332 (England and Wales)
AIR AMBULANCE FOUNDATION UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 Ac¢ountSng pollcle8 Ch8rity infowmation Air Ambulance Foundallon UK is a privat8 company lirnlt8d by guarant•• incorporatsd in England and Wales. The r8glsterod officè Is clo Forvis Mazars LLP., Flrst Fbor,, Two Ch3tnb&rfaln Squar8, Birrnlngham, 83 3AX. 1.1 Accounting conventlon Th& financial stalemènts hav8 b88n pr8parèd in aceordanc& ivith lh8 d)arity's gov&rning doeLJm8nt, the Comp3ni8s Aet 2006, FRS 102'The Financial Reporting Stsndare applicable in the UK and Republic of Ireland" I'FRS 102.1 and the Chari118s SORP'AccouNling and Reporting by Charits'es.. Statemenl of R8comm8nd8d Practice applicab18 to charities preparing their accounts in accordanc8 with the Finanoal Reporting Standard applicable in the UK and Republic of Ireland IFRS 102114ffe¢liv6 1 Jonuary 20191, Th charlty Is a Publlc Benelll Entity as d6fin&d by FRS 102. The eharfty has tsken advantagè ol Ihè provisions in thè SORP for charlliès not to prèpare a Slatèmènt of Cash Flows. The financial slalements are prepared in 618rfing, which 15 the functional currency ol the charity. Monetary amounts in firidfiLltil sldli>iri¥ril¥ rour)d¥d tu Ili# Iitldf&?l £. The linon¢io1 Stolements ho'le been prepored under the historical ¢osl ¢onvents'on. The prin¢ipo1 ac¢ounling policies adoplgd are $91 oul below, 1.2 Golng coiic•ni Al the tirne of approving the financial slalernenls, the Iruslees have a reasonable expeclats'on that the charity has adequate resour¢es lo continue in operational exislonc¢ for the foreseeable future. Thus the trustees Conbnue to adopt the going ¢oncgrn basis ol accounting in preparing th? fin8ncK91 slalgmenls, 1.3 Charltable fund¥ Unr851ricled funds are avallable for use at the discretion ol the Irusletrs In furthor8nca of Ihelr charitable oblecllveg. R8$lrl¢tod funds are subled to 8pe¢rfle ¢ondillons by donors Qr grantors as to how they may be us•d. The purptssa8 and uyeg ol th& rastricted funds 8re sel out in th8 nolas lo th8 lin8na81 s18t8rnenls. Endowment funrls are subject lo specific conditions by donor$ that the capital mu81 be maintained by the charity. 1.4 Ineorno Income is recognised when the charity is legally enlilled to il after any performan¢e conditions hove been mel. the amounts Can b8 7)easured reliably, and il is probable that incorne will b8 r6ceived, Cash donations are r8cogni38d on receipt. Other donations ar8 recognis8d once the charity has been notified of the donation, unlèss ptrrtttrmancè conditions r•quir• d&ftrrral of th8 amount. Incom& tax tvrabl• in rèlation to donations ceived under Gift Aid or deed5 of covenant is recognised 8t the time of the donation. Legacies are recognised on receipt or otherwise il the charity has been notified ol an impending disliibution, the arnounl is known. and receipt is expecl&d.11 the amount is ncl known, tha legacy is Irealed as a conlingenl asset.
AIR AMBULANCE FOUNDATION UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 A¢¢ounting policies Icontinutdl 1.5 Expendituro Expenditure Is rOgnised On there is a legal orconstructive obligation to transfereconomic benefit to a third paty, it is probablo that a tr8nsf¥r ol oconomic bongfits will bo roquired in setugmgnl, and Ihe amount of the obligation can b$ measured reliably. Exppndilur9 is classiligd by activity. The costs of each a¢tivity arg rnad9 up of thg tol31 ol dir9ft ¢osts and shared cosls, induding suppom aosts involved in undertaking each activity. Direct costs attributable to a singl& activity are allocated directly to that activity. Shared costs which contribute to more than one activity and supptsrt costs which ale not allributabl8 to a single activity are apportion8d balwa8n tho$8 aclivit18s on a basis Lonsist8nl with Ihe use ol resources. Central staff costs are allocated on the basis of tirne spent. and depreciation charge5 are allocated on the portion ol the asset's use. 1.6 Cash and cash èqulvalènts Cash and cash equivalgnls Include cash in hand. depo5115 held al call wth banks. olher short-lerm liquid investments with original maturities of three months or less, and bank overdrafts. 8ank overdrafts are shown wthin borrowin9s in ¢urrgnl liabiliti9S. Ba¥ic fin4nriJl a¥¥ets Basic liiiariLial ass¥ls, whlch Includè debtors and cash and bank balancés, ar8 inits'ally m8asur8d al Iransacllon prlcg indudin9 transaction costs and are subsequently eArrièd at amortised cost using the effective interest rnelhod unless the arrangement con5tilules 8 financing transection, where the Irans8Ction is rne8sured al the present value of the futur• r•c8ipts di$¢ountad al a mark•t r•t• of intar•$l, Financig18888ls cla8srf18d as r8¢9ivable within ono yaar ar• rnol amOrti. Baslc flnanclal Ilabllltles Basic financial liabililias. including creditors and bank loans are ini118lly ro¢ogni$6d ai Iransa¢tion prica unl8s$ the arranqement constitutes a financina transaction, here the debt instrument is measured at the present value ol the future payments dis¢ounterJ 8t 8 market rate ol interest. Financial liabililies c18ssified as payable within one year are not amorti58d. Debt instruments are subsequently carried 81 arnortised cost. using the effective interest rale melhthy. Trade creditors are obligations to pay fDr goods or setvices that have been acquired in the ordinary course ol operations from suppliers. Amounts payable are ¢Lgssilied as ¢urrenl118bililies il paymeni is due wrthin one year or loss. If not. they are presented as non-eurrenl liabilities. Trade crelilors are recognised initially al transaction piiee and subsequently rneasured al amortised oosi using trie effective interest rnelhod. Derncognlllon of fln&ncl¥l Ilahllllles Financlal Ilabllilles arè deretognised whèn the ¢harlty's ¢entradu81 obligations expire or are dixharged or ¢ancelled. 1.7 Employ•• b•nèfits Tht> rnst nf any unuspd haliday gntitl8m8nl is r9enISe. in Ihft pg.rind in whirh tht> gmplaypg.'8 88rvicfts rargivgd. Ttrrminalion benefits are recognised immediatèly as an expanse whtsn Ihe charity 18 demonstrably wmmiiied lo terminate the employment of an employee or to provide lerminalion benefits.
AIR AMBULANCE FOUNDATION UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Crltlcal accounung estlmates and Sudgements In the 8pplie8bon of the ch8rity'$ 8e¢ounting polioes, the trustees are required tts make judgennts. e$b"mgte$ and assumptions about carrying atnounl of assets and liabilities that ale not readily apparenl from other sources. Th8 estirnates and associated assumption5 are based on hi5torlcal expèrfence and other lactors that are consldered to be relevant. Actual iesulls may differ from these esllmates. Thp p.limAIp And ijndprfying A88iJmptinnq Arg. rp.vipwpd nn An nnonino hAqi¢ Rp.viinn* In Aernijnlino p.8lim2ip.8 Arp recogn159d in the perlod in which the estimate is rev158d where the revlsvjn affects only that perlod, or In the period ol the revision and Tutur8 periths where the revision aff8cls both current and future periods. In¢om• Irom donatlons and1oga¢l•s Unrn8trlct•d nds 2024 Unr•itrlct•d funds 2023 Donallons and gKI$ 210,633 289,201 Incom• from Invgstmontg Unro$trS¢t•d Unr•$trf¢t•d lund8 lunds 2024 2023 Interest receivable 766 Expendlture on ralslng funds Unr•$trl¢t•d Unr•$trl¢t•d funds lund$ 2024 2023 Fundra151ng and publlGIty Donations Other fundraising cost5 10,672 350 1,WO 10,672 1.350
AIR AMBULANCE FOUNDATION UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Expendltur6 on charStablo actlvltles 2024 2023 Dlr•¢t ¢ost$ Shar¢ of support and gov•rnanc• costs Is•• not• 71 Supptsrt Govarnance 24.(K)O 7.287 16,950 16,950 31,287 Anatysis by fund Unr¥slricted fund$ 16,950 31,287 Support ¢08t$ allo¢at•d to activiti•$ 2024 2023 Computer software Governance 24.LN)O 7.2e7 16.950 2024 2023 Gov•rnan¢g ¢o$t$ ¢omprl$•', A¢couni8ncy Logal and professlonal Bank charge8 4.740 12.000 210 2,125 16,950 7,287 N•t mo¥gm•nt In funds 21124 2023 The net mDvement in funds is stated after chargingllcreditingl.. Fees payabl& lor the audll ol the charity's Ilnanclal slalamenl$ 4,740 5.100 Trust90$ None ol Ihe trustees lor any persons connected with theml received any remuneration or benefits frorn the charity durfng Ihe year.
AIR AMBULANCE FOUNDATION UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 10 Employees The 8ver8ge mtsnthly number of employees during the yeer w8S'. 2024 Numb•r 2023 Numbgr Total Th8r8 w8ro no 8nploy8es whos8 annual r8mun8rallon was more than £60,000. 11 Taxailon The charity is exempt from tsxalion on its activities because all it8 incoThe is applied for charitable purp08es. 12 Credllors.. Jmounts falllng due wlthln one year 2024 2023 A¢¢ruo1s ond deferd in¢ome 9,840 5.100 13 Unr•gtrlct•d fvTrdg Th8 unr8strlcted funds ol thé charliy comprise thè UneXp6nd balancès ol donations and grants whlch ar8 not Subact lo specific eondrtions by donors 8nd grantors as lo how they may be used. These iude designated funds whl¢h have been Sel aside out ol unreslricl8d funds by the trustees for specific purposes. At 1 Moy 2023 Incomlng r¢8our¢o$ R•iourc•sAt 30 Aprll 2024 gxp•nded Genero1 fund5 670.013 211,399 127,6221 853.790 Prevlous yèar: At 1 May 2022 Ineomlng reBources RèsourcasAt 30 Aprll 2023 expended General funds 413,449 289,201 132,6371 670.013 14 Related party transactlons There were no di5closable related party transactions during the year12023- none). 10-
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